Finance Apprenticeship 029175
- Employer
- Transport for London
- Location
- London (Greater)
- Salary
- £20,231
- Closing date
- Apr 5, 2019
View more
- Job Role
- Finance Graduate
- Sector
- Transport & Rail
- Contract Type
- Graduate
- Hours
- Full Time
Job Details
Job overview
We’re evolving into a period of unprecedented financial change as the first transport authority in Europe to operate without government support for our day-to-day operating costs. This means we’re independently funding our £7bn annual operating costs from our own sources of income. By financial year 2022/23, we aim to make an operating surplus that we can reinvest into improving our network. As a Finance apprentice, you will have a huge part to play in this. You will work with stakeholders to make commercial business decisions together; challenging, driving and guiding them to reduce costs and increase income.
What will I be doing?
As an apprentice, your 2 year development programme will be made up of to 6 placement rotations which will develop your understanding of the different aspects that make up Finance as a business function. Alongside this, you'll be studying for the Chartered Institute of Management Accountants (CIMA) Certificate in Business Accounting qualification through the Level 4 Accountancy Taxation Professional apprenticeship.
Our aim is to equip you with the range of skills and experience you need for your successful career. We also understand that everyone’s career and ambitions are different, so every apprentice’s journey with us is unique.
Here’s an idea of what yours could look like:
Year 1
Placement 1 - Financial Services Centre (Cash management) – 3 months
Allocating cash transactions, producing cash reconciliations and managing electronic payments
Placement 2 - Financial Services Centre (Revenue Collection) – 3 months
Reconciling credit card transactions, reporting ticket sales and processing financial accounting transactions
Placement 3 – Financial Services Centre (General Ledger) – 3 months
Allocation of ticketing revenue and supporting the provision of limited company accounts
Year 2
Placement 1 - Operational Placement (London Underground [LU]) – 1month
Working in the frontline with London Underground Customer Service Assistants: assisting with crowd control, answering customer queries and helping customers
Placement 2 - Finance Business Partnering – Surface or LU or Commercial Development - 5 months
Understanding the operational business and the fundamentals of a business partnering role; closing accounts, budgeting, forecasting and planning
Placement 3 – Finance Business Partnering – (Major Projects Directorate (MPD) or London Transport Museum or Professional Services Finance) - 6 months
Understanding the operational business and the fundamentals of a business partnering role; closing accounts, budgeting, forecasting and planning
What do we look for?
Everything we do as an organisation is to ensure that our evolving city remains future-proof for millions of Londoners. Our talented apprentices form a vital part of that vision, so it’s important that we find the best people to help us do this. We’re looking for people who are;
· Motivated to add value
· Comfortable challenging the status quo
· Inquisitive mind
As a member of the team, we’ll give you responsibility and the opportunity to add value. If you are excited by inspiring and influencing the future of London then this is the career path for you.
Where can this career take me?
Upon successful completion of this scheme, you could roll-off into an Assistant Finance Business Partner or Finance Analyst. You could also further expand your career opportunities byundertaking a Level 7 apprenticeship, studying the full CIMA qualification and to reach Chartered Management Accountant status.
What training and support will you get?
You will be working towards a level 4 qualification in Business Accounting, accredited by CIMA.
Typically, you will be required to attend college and will be released for block periods of study.
Whilst on the scheme, we’ll support your technical development through a wide range of on-the-job practical experiences and placements. We’ll also support your professional development through a combination of classroom-led training courses, online training courses, mentoring opportunities and structured networking opportunities. You will receive one-to-one support throughout the programme from your scheme sponsor and your Line Manager. You’ll also be connected to a ‘buddy’ who will be a more experienced apprentice from the scheme.
Entry requirements
A minimum of 5 GCSE’s Grade A* - C or Grade 4 and above including Maths and English language plus 2 A-Levels in any subject at grade A* - D or equivalent.
You are not eligible for this scheme if you currently hold or are working towards a qualification at the same or higher level in a related subject or have already studied content from the qualification for this scheme.
You must be 18 years of age by 1st September 2019 to be eligible for this scheme.
Reasonable Adjustments
If you have any special requirements or require any reasonable adjustments, please contact us by phone or email on the contact details below.
Please Note: We need a minimum of 48 hours’ notice (excluding weekends and bank holidays) to allow us to try and accommodate reasonable adjustments. Any adjustments will be confirmed to you in writing, once received, please print a copy and bring this to the assessment with you.
Contacting Us
Please Note: We only allow one application for any of our Apprenticeship schemes per year. Any subsequent applications will be withdrawn.
Company
Transport for London (TfL) was established in 2000 as the integrated body responsible for London's transport system.
TfL's role is to implement the Mayor's transport strategy and manage transport services across the capital, for which the Mayor has responsibility.
It is directed by a management board whose members are chosen for their understanding of transport matters and appointed by the Mayor of London. TfL's Commissioner and the chief officers are responsible and accountable for the day-to-day operations of the organisation.
TfL manages London's buses, London Underground, Docklands Light Railway, London Overground and London Trams. It also runs London River Services, Victoria Coach Station and the congestion charge scheme.
TfL also has responsibility for a network of main roads, all of London's 6,000 traffic lights and regulates taxis and the private hire trade.
- Website
- http://www.tfl.gov.uk/
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